The City of Hamilton has set another record for construction activity.

On October 8, the city surpassed $2 billion in construction value for building permits issued in the year. It reached the total five days earlier than it did in 2023, marking a new record.

This year marks the third time since 2021 the City of Hamilton has hit the $2 billion mark.

The over $2 billion construction value represents 4,038 building permits and is composed of:

• 67 percent residential permits (75 percent of the overall construction value),
• 12 percent industrial/commercial permits (16.5 percent of the overall construction value),
• 2 percent institutional permits (7.5 percent of the overall construction value), and
• 19 percent miscellaneous permits (1 percent of the overall construction value), including signs, demolitions, fire repair, tents, sewage systems, protective plumbing.

Notably, the city has issued permits for 3,417 dwelling units to date – the highest number on record by October 8.

Residential projects continue to make up the majority of building permits that the city issues. These projects add to the housing supply across the city, driving economic growth and creating jobs

“Hamiltonians are feeling the pressure of the housing crisis - it’s clear we need more homes people can afford, and we need them built faster,” said Mayor Andrea Horwath. “At the same time, Hamilton’s strong industrial growth is creating new jobs and strengthening our local economy. By streamlining development processes, removing barriers, and implementing new measures such as development charge exemptions, we’ve unlocked stalled projects and spurred new investment. Surpassing the $2 billion milestone reflects that momentum, it’s proof that Hamilton is growing, attracting opportunity, and building a city where everyone can thrive.”

The city says the over $2 billion construction value is an indicator of the success of the construction industry in Hamilton, which in turn supports Hamilton’s economic growth, provides employment opportunities, new housing, and places for businesses to thrive.